Exhausting Sideways Movement in EUR/USD
The EUR/USD has been moving sideways for an extended period, which can be quite exhausting for traders. After making a higher high, the price quickly retraced and last week’s closing price was at the support area.
green scenario
For those considering a buy position, entering at support is a solid strategy, providing a good risk-reward ratio.
NB: However, until the close, there are no signs of a reversal for a buy position.
red scenario
If you're leaning towards a sell position, the current level could serve as your confirmation.
If the price breaks below support, there's an order block above that could act as a level to initiate a sell position.
What do you think?
Will EUR/USD continue its bullish trend, or will it reverse?
Share your thoughts in the comments.
green scenario
For those considering a buy position, entering at support is a solid strategy, providing a good risk-reward ratio.
NB: However, until the close, there are no signs of a reversal for a buy position.
red scenario
If you're leaning towards a sell position, the current level could serve as your confirmation.
If the price breaks below support, there's an order block above that could act as a level to initiate a sell position.
What do you think?
Will EUR/USD continue its bullish trend, or will it reverse?
Share your thoughts in the comments.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.